Omnicom Group Inc. (NYSE:OMC) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 6.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 72,435 shares of the business services provider’s stock after acquiring an additional 4,594 shares during the period. Stifel Financial Corp’s holdings in Omnicom Group were worth $7,489,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of OMC. Northwest Investment Counselors LLC acquired a new stake in Omnicom Group in the third quarter valued at approximately $33,000. Davis Capital Management acquired a new stake in Omnicom Group in the 3rd quarter valued at $36,000. Innealta Capital LLC acquired a new position in Omnicom Group during the second quarter worth $33,000. HM Payson & Co. lifted its holdings in Omnicom Group by 84.5% during the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 169 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Omnicom Group in the third quarter valued at about $55,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of Omnicom Group stock opened at $90.16 on Friday. The business’s fifty day simple moving average is $102.03 and its 200-day simple moving average is $97.29. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. The firm has a market cap of $17.59 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 2.32 and a beta of 0.94. Omnicom Group Inc. has a 52 week low of $82.97 and a 52 week high of $107.00.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.01. The business had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.79 billion. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same period in the previous year, the firm earned $1.86 EPS. Equities analysts forecast that Omnicom Group Inc. will post 7.94 earnings per share for the current year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Friday, December 20th. Omnicom Group’s dividend payout ratio (DPR) is 38.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Bank of America lifted their price objective on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a report on Thursday, September 5th. Macquarie restated an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a report on Wednesday. JPMorgan Chase & Co. increased their target price on shares of Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Wells Fargo & Company lowered their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, UBS Group upped their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Omnicom Group currently has an average rating of “Moderate Buy” and a consensus target price of $108.89.

Insider Activity at Omnicom Group

In related news, CAO Andrew Castellaneta sold 4,000 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $105.29, for a total value of $421,160.00. Following the completion of the sale, the chief accounting officer now owns 23,545 shares in the company, valued at $2,479,053.05. This represents a 14.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by corporate insiders.

Omnicom Group Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.